Mr. Sam Spring reports

KINCORA REVISES SCRIPT PAYMENT OF CONVERTIBLE LOAN INTEREST

Further to its news release of Aug. 20, 2014, Kincora Copper Ltd. has made an adjustment relating to the issuance of shares on account of interest payable under the $2.5-million convertible note due July 18, 2015, held by Origo Partners PLC.

As the terms of the convertible note provided for the shares to be issued based upon the closing price of the company's shares on July 18, 2014, the deemed price per share was seven cents.

As a result, the company is to issue a total of 3,107,143 shares to Origo on account of the interest due on the convertible note as at July 19, 2014.

Following the issuance, Origo will hold 81,533,786 shares of Kincora or 26.32 per cent of a total of 309,774,451 shares that will then be issued and outstanding.